By: Adrian Khiat
I did not post much lately because I have been very so busy over the past 2 weeks that I have to take the last train home almost everyday. Last night, on my way back, I noticed the Aberdeen bear on the MRT train and I find it so cute. I'm not a teddy bear lover, but the fur looks so soft that I really like to get one and put it beside my bed.
Anyway, the topic is not on the bear. its on the 8 investment tips I learnt on the MRT train as I walk down the cabins. Just to share these tips with you.
1) Volatility is not something to fear, but something to embrace
Its normal for market to be volatile at times. As long you know that you are investing right and know why you invest, don't let the volatile market affect our emotions.
2) Think Long Term
As an investor, we should align our time horizon accordingly. Over short term, price movemets are as good as random, while long term trend tell a different story.
3) Know the difference between gambling and investing
Successful investing is hard and often dull, requiring discipline and lots of study. If you approach investment like entering the casino, you are in trouble.
4) Be contrarian
Try rushing for the exit in crowded market and you might get trampled. This concept applies to behaviour in the stock market. Selling or buying behind everyone else is a sure formula for poor investment performance. Read more...